Republic Bancorp (NASDAQ:RBCAA) Issues Quarterly Earnings Results

Republic Bancorp (NASDAQ:RBCAA) posted its quarterly earnings results on Friday. The bank reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.22), Zacks reports. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%.

Republic Bancorp Price Performance

NASDAQ:RBCAA opened at $66.84 on Friday. Republic Bancorp has a one year low of $46.55 and a one year high of $80.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. The stock has a market cap of $1.30 billion, a PE ratio of 12.84 and a beta of 0.56. The stock has a 50 day moving average price of $72.44 and a 200 day moving average price of $66.93.

Republic Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.451 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Republic Bancorp’s previous quarterly dividend of $0.41. Republic Bancorp’s dividend payout ratio (DPR) is currently 30.99%.

Insider Buying and Selling

In other news, Director Heather V. Howell sold 1,496 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $75.63, for a total transaction of $113,142.48. Following the completion of the sale, the director now owns 7,491 shares in the company, valued at approximately $566,544.33. This represents a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 55.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Hovde Group downgraded Republic Bancorp from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $78.00 to $80.00 in a research note on Wednesday, November 13th.

Republic Bancorp Company Profile

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.